Abbot Public School’s unrestricted current fund comprised the subsequent:
Abbot Public School’s unrestricted current fund comprised the subsequent: Property $5,000,000 Liabilities (along with refundable deposits of $100,000) three,000,000 The fund stability of Abbott’s unrestricted current fund was: a. $1,900,000 b. $2,000,000 c. $2,100,000 d. $5,000,000
2. In June 2018, Park Hospital purchased medicines from Jove Pharmaceutical Agency at a worth of $2,000. Nonetheless, Jove notified Park that the invoice was being canceled and the medicines had been being donated to Park. Park should report this donation of medicines as: a. a memorandum entry solely b. totally different working revenues of $2,000 c. a $2,000 credit score rating to Working Payments d. a $2,000 credit score rating to Nonoperating Payments
three. In 2018, Pyle Hospital acquired a $250,000 pure endowment grant. Moreover in 2018, Pyle’s governing board designated, for specific makes use of, $300,000 that had originated from unrestricted presents. What amount of these sources should be accounted for as part of the unrestricted internet asset class?
a. $zero b. $250,000 c. $300,000 d. $550,000
